JCI On Friday Potentially Weakening In The Range 8,020-8,050, Check Out Stock Recommendations
JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken today, Friday, October 3. Phintraco Sekuritas in its research estimates that the index will move in the resistance range of 8,150, pivot 8,100, and support 8,020.
Phintraco Sekuritas said the JCI closed higher at the level of 8,071.08 (0.34 percent) on Thursday's trading. Strengthening in the global and regional exchange index is a positive factor.
"In addition, strengthening the rupiah against the US dollar also encourages strengthening the index," wrote Phintraco Sekuritas.
Phintraco Sekuritas explained that the rupiah exchange rate continued to strengthen it for five consecutive days at the level of Rp. 16,598 per US dollar for the spot market. Jisdor's rupiah exchange rate also strengthened to Rp. 16,612 per US dollar.
The majority of Asian currencies tend to strengthen against US dollars, due to the shutdown of the US government, added Phintraco Sekuritas.
Meanwhile, Phintraco Sekuritas added, the indexes on Wall Street closed higher on a new record high on Thursday. Investors still tend to ignore the government shutdown entering its second day.
Despite this, the US Treasury warned that the impact of this shutdown could be greater than the previous one. "The release of nonfarm payroll data is potentially delayed," said Phintraco Sekuritas.
Meanwhile, the Asian stock exchange index closed higher yesterday, where the Kospi index closed at a new high. Meanwhile, the Chinese and Indian exchanges are off. Japan's Consumer Confidence Index in September recorded an increase at the level of 35.3 out of 34.9 in August 2025.
Investors will look forward to Japan's Unemployment Rate data in August today, which is expected to rise to 2.4% from 2.3%, said Phintraco Sekuritas.
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Technically, Phintraco Sekuritas explained, the formation of the negative histogram MACD continues and the RSI Stochastic indicator is in the pivot area. JCI is also closed below the MA5 level.
"Thus, today's JCI is predicted to weaken in the range of 8,020-8,050," explained Phintraco Sekuritas.
Phintraco Sekuritas recommends five stocks with the opportunity to give profit, namely TLKM, WIFI, RAJA, BUKA and MAPI.